Main Entry:
own·erFunction:
noun : one with an interest in and often dominion over property: as
a : LEGAL OWNER in this entry
b : one with the right to exclusive use, control, or possession of property
c : a purchaser under a contract for the sale of real property —see also
EQUITABLE OWNER in this entry
beneficial owner 1 : one holding a beneficial interest in a trust —compare
beneficial interest at
INTEREST 1 2 : one enjoying the benefit of property of which another is the legal owner
beneficial owner of property held by the parent corporation>
3 : one who has or shares the power to control the voting or investment of stock beneficial owner of stock held by her minor children>
equitable owner
: one (as a beneficiary of a trust) who is considered to have rights or obligations of an owner regardless of legal title on the ground of equity equitable owners and have power to sue to protect their land —Dessen v. Jones, 551 North Eastern Reporter, Second Series 782 (1990)>
legal owner
: one who has legal title to property; broadly : one determined by law to own property legal owner of the money>
naked owner
in the civil law of Louisiana : an owner of property burdened by a usufruct naked owner —Louisiana Civil Code>
record owner
: one who is the owner of property (as land or stock) according to current appropriate records record owner of the land> called also owner of record